About Phoenix Trader Funding
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Customer Reviews (104)
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1 year ago
Eusebio Smith
I had a classic account with them, which started at $50,000. I traded for nine days and was just about $400 away from hitting my target to pass. Unfortunately, I ended up blowing my account. I wasn’t aware of the news release that was coming up, and I traded without that knowledge, which led to my downfall.
However, I have to say that the overall conditions were excellent—truly top-notch in the industry. The support team was always available and incredibly helpful, and their rules are straightforward, which I really appreciated. The website and dashboard exuded professionalism; you can really feel that when you use it. Their FAQ section contains all the essential information you need.
They don’t engage in sneaky promotions or frequent big discounts; instead, they focus on steady growth. If I get another chance to trade with them, I would definitely choose to do so.
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1 year ago
Bud Haag
The pricing here is quite affordable and competitive. As a beginner in futures trading, I found the tutorial for navigating the platform to be incredibly detailed and helpful. Plus, I really appreciate the consistent updates regarding the platform, new product offerings, and developments in management.
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1 year ago
Vallie Quigley
Absolutely fantastic! I can’t say enough good things about this firm. It’s been an amazing experience, truly top-notch!
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1 year ago
Kelley Lowe
Esta é uma excelente empresa de trading prop.
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1 year ago
Emily Kirlin
Phoenix is the firm that’s really changing my life. It’s amazing to think how much of an impact they’ve had. Their approach is incredibly effective, and I’ve noticed significant improvements in my trading skills since joining. It’s not just about the profits; it’s also about the growth and learning opportunities they offer. I feel more confident in my decisions, and the supportive community definitely makes a difference. I can’t recommend them enough for anyone looking to excel in trading.
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1 year ago
Dana Tremblay
Phoenix is an exceptional company. I can confidently say that their trading environment is top-notch. The support they provide is impressive, and the community of traders is engaging. Overall, I feel like I’m learning and growing as a trader with their resources. It’s definitely worth checking out if you’re considering trading with them.
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1 year ago
Scotty Schmitt
This firm genuinely supports its traders. The trading report generator is of high quality, making analysis much simpler. Plus, with the Merit account, the cost to get started is remarkably low.
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1 year ago
Jenifer Kuhic
Phoenix stands out as an excellent proprietary trading firm. Their support team is consistently efficient, and the CEO is readily available, responding to questions and inquiries. The rules are quite fair, and they offer a variety of evaluation options that cater to the diverse needs of traders. I would certainly recommend them without hesitation.
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1 year ago
Major Christiansen
I gave the first edition of the Merit Account a shot, but honestly, I didn’t take it as seriously as I should have. Looking back, I really wish I had, because the analysis you get at the end is, in my view, far more valuable than having a funded account.
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1 year ago
Asia Kemmer
This proprietary trading firm stands out as one of the finest, particularly due to its exceptional support. Whether you’re a seasoned trader or just starting out, you’ll find their assistance invaluable. It’s clear they prioritize the needs of their traders, making for a truly positive experience. For anyone considering joining a prop firm, this one is definitely worth a look!
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1 year ago
Maverick Schmeler
It’s a bit confusing to ask customers for reviews when they haven’t actually used your services. Encouraging the public to share their thoughts just to take part in giveaways doesn’t seem right. Reviews should serve a purpose: helping others understand if you’re a reputable company that operates with integrity.
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1 year ago
Wilhelm Maggio
Phoenix offers an outstanding selection of trading platforms, and the variety of options available is one of the key reasons I appreciate this firm so much. Their customer service is top-notch, and the pricing for their challenges is quite competitive. It’s clear that Phoenix is poised to dominate the industry in the near future.
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1 year ago
Torrance Conroy
I find it fantastic that trading here comes with no Daily Loss Limit and no consistency rules. This setup allows the potential for significant profits, especially with the high daily drawdown to manage losses in a live broker environment. The pricing is quite affordable as well. I’m actually looking to buy a $100,000 merit account soon.
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1 year ago
Angelica Denesik
I have had a fantastic experience! The support I’ve received has been invaluable, and I appreciate the guidance throughout my time here. The environment is really engaging, making it easy to stay motivated. Overall, I would rate it as a great opportunity for anyone looking to thrive in proprietary trading.
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1 year ago
Davin Pouros
I spent a frustrating 30 days trading on their “merit” account, only to discover that they seem to be cherry-picking traders. Even more alarming, it feels like some of their claimed users on Discord might not be real at all; they’re allegedly pretending to have been funded.
During my 12 days of actual trading, I had 11 green days, averaging a profit of $101.27, with just one day in the red at -$208. However, they rejected my funding request, citing that I had made over 60% of my monthly profits in a single trade. Ironically, this rule hit me on day one when I recorded a profit of $264. If they had been transparent on their website about needing to keep profits below that 60% threshold, I would’ve adjusted my strategy for the entire duration. Instead, they mislead potential traders by stating, “We much prefer someone who makes $1,000 in a month, obviously rigorous and serious, to someone who made $30,000 through sheer luck.” Additionally, they mention having “no consistency rule,” which only adds to the confusion.
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1 year ago
Katrina Waelchi
I appreciate all the help, James. Your support has made a real difference in my experience here.
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1 year ago
Horace Schultz
Absolutely fantastic! I’m thrilled with my experience here. The team is supportive and really knows their stuff. The trading platform is user-friendly, making it easy to navigate through trades. Plus, the educational resources they provide are top-notch, helping both beginners and seasoned traders. Customer service is responsive and helpful, so any questions are addressed swiftly. I can’t recommend this firm enough!
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1 year ago
Carlos Tores
I really Loved their merit accounts!
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1 year ago
Abbie O'Keefe
This proprietary trading firm is quite impressive. They offer solid support and resources for traders, which makes the experience enjoyable. There’s a positive atmosphere that encourages growth, and the community among traders is remarkable. Overall, I’d recommend giving this firm a shot if you’re looking to enhance your trading skills and connect with like-minded individuals.
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1 year ago
Xavier Okuneva
Aha, what a relief!
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1 year ago
Marielle Mitchell
Phoenix Trader Funding stands out as a flexible firm that offers reasonable rules and a transparent drawdown structure. I’ve been honing my risk management abilities effectively with the support and guidance they provide. It’s a journey worth continuing!
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1 year ago
Timmy Gutmann
I recently began my journey with Phoenix Trader Funding and I have to say, I’m quite impressed. Their evaluation process is not only fair and transparent, but it truly emphasizes consistent trading habits over unrealistic targets. This focus really helps in developing strong discipline among traders. Navigating the platform is a breeze, and they provide a range of account sizes that can fit various trading approaches.
A particularly notable feature is their attentive and knowledgeable support team. Whenever I had questions or needed some clarity, they were super quick to assist, which made me feel really supported during the entire evaluation process. The profit splits are also very competitive, and they make sure all rules are clear—no hidden catches here.
Even though they’re still fairly new to the scene, Phoenix Trader Funding clearly demonstrates a real commitment to enhancement and actively listens to trader feedback. To sum it up, if you’re on the lookout for a straightforward proprietary trading firm with transparent guidelines and a supportive atmosphere, I definitely recommend checking them out!
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1 year ago
Lourdes Balistreri
This trading platform is truly impressive. I’ve had a fantastic experience using it. The interface is user-friendly, making it easy for both beginners and seasoned traders to navigate. Additionally, the range of tools and resources available is remarkable; they really cater to various trading styles. I’ve found the execution speed to be quick, which is crucial for those of us in the fast-paced trading world. Overall, I would highly recommend this platform for anyone looking to enhance their trading experience.
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1 year ago
Adella Ernser
Phoenix excels in providing a thorough evaluation process, offering detailed feedback for those on merit accounts. Another noteworthy feature is their End of Day (EOD) Trailing Drawdown policy, coupled with the absence of a daily loss limit for classic accounts. Overall, I have a strong appreciation for this proprietary trading firm.
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1 year ago
Dean Dooley
This is a solid proprietary trading firm that offers a great environment for earning. It’s a nice spot where traders can genuinely profit from their skills. Overall, if you’re looking to make some money in trading, this firm has a lot to offer.
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1 year ago
Omari Senger
The platform is user-friendly, and the active support really stands out. It’s refreshing to see such dedication to helping users. Keep up the great work!
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1 year ago
Greta D'Amore
This financing company stands out as quite reliable and trustworthy. I’ve had a positive experience and truly believe it deserves recognition. I wholeheartedly recommend it to anyone looking for solid options in the trading space.
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1 year ago
Ethan Wisozk
Getting signed up was a breeze, and using the platform feels intuitive.
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1 year ago
Albertha Beer
I tried this firm for the first time, and everything seemed to work perfectly. Initially, I gave it four stars, but after successfully receiving my payout, I bumped it up to five.
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1 year ago
Mathew Kerluke
Straightforward and easy to navigate, this trading firm offers a user-friendly platform for traders at all levels. With clear instructions and intuitive design, it makes the learning curve much less steep. I was particularly impressed by the range of resources available, from educational materials to responsive customer support that’s always there when you need them.
The trading tools are robust, allowing for comprehensive analysis and strategy development, which is a big plus if you’re aiming to enhance your trading skills. While some might find the fees a bit on the higher side, the value provided through their services often seems to justify it, especially for serious traders. Overall, this firm stands out for its simplicity and support, ensuring a positive experience for both novices and seasoned pros alike.
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1 year ago
Mateo Lindgren
This firm is quite straightforward to collaborate with. I encountered a software problem, and they promptly provided me with solutions. I’m pleased to say their suggestions effectively resolved the issue. Additionally, their feedback regarding the Merit account was invaluable, and I managed to apply several of their strategies to improve my trading.
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1 year ago
Brennon Krajcik
Phoenix Trader shines with its impressive platform options, evaluation process, and innovative solutions. Their QT platform stands out as arguably the best choice for trading futures. Moreover, their evaluation and new merit models are designed to help skilled traders gain recognition rather than being overshadowed. Truly, the merit system is crafted by traders, for traders, and Phoenix has successfully raised the bar in this industry.
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1 year ago
Lizzie Harris
From the start of my journey with Phoenix Trader Funding, my experience has been fantastic. The customer service is top-notch, always ready to respond promptly to any questions or concerns I’ve had. It’s clear that this company truly values its relationship with the trading community.
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1 year ago
Everardo Bednar
This table shows promise for the future. It clearly has potential to evolve and excel in its offerings. There’s something about its design that hints at a bright path ahead. Overall, it seems like a solid foundation for what may come next.
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1 year ago
Sherwood Dach
I’ve been trading with Phoenix Trader Funding for about seven months, and I must say, it’s a solid firm. The overall platform conditions are impressive, and the pricing is quite fair. What really stands out to me is the support available on Discord. They are incredibly helpful, especially for those moving from CFD to futures trading. If you find yourself struggling, they’re always ready to assist and guide you through the transition. Kudos to them for that!
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1 year ago
Jamison McDermott
I recently opened a merit account, and after that, I got an email asking for additional information. Now, I’m just patiently waiting for a reply. To be honest, it’s a bit frustrating; I had to wait over a month just to get those questions about my activities.
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1 year ago
Carlee Baumbach
Phoenix Trader Funding stands out as an exceptional proprietary trading firm, particularly for those focused on futures trading. The customer support team is notably helpful and responsive, addressing inquiries with respect and efficiency. They genuinely prioritize their clients’ best interests, ensuring that any issues are resolved promptly. The firm outlines clear trading rules, offers competitive pricing, and provides an excellent trading platform. I wholeheartedly recommend Phoenix Trader Funding to serious traders aiming to elevate their trading careers. They truly are top-notch in the industry.
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1 year ago
Justine Tremblay
The site is straightforward and easy to navigate. The content is solid and provides great insights. Overall, it’s both helpful and useful for anyone interested in trading.
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1 year ago
Bethel Heathcote
Conclusion: The fees for the exams are notably high, and the withdrawal policies are excessively stringent, leading to a disappointing overall experience. Therefore, I cannot endorse this service.
For Merit Accounts, should you fail the exam, there’s no necessity to repurchase it again.
After meeting the account specifications, the review process extended beyond a week. Although response times via email were quick, the correspondence indicated an error rate of just 0.5%, and I apparently fell into that unfortunate 0.5%. This left me with the sense that accountability was being sidestepped. Furthermore, the evaluation process from the backend system felt rather obsolete.
As for the exam, I failed because of overnight positions. However, determining which specific trades breached the overnight rule required me to search the official Discord server, which completely shattered my trust.
The FAQ does state that overnight positions are prohibited, but it lacks clarity on the exact timing. Some proprietary firms insist that positions must be closed at least 10 minutes before market close, while others merely require closure by the end of the trading day. I typically manage my trades during working hours and ensure all trades are closed at market close, so I chose not to pursue this matter further. The entire experience was deeply unsatisfactory.
(2025/01/04 update)
Absurd Response – This Will Be My Final Update
This update is not for persuasion but rather to serve as a reference for prospective customers.Regardless of whether my failure stemmed from an overnight violation, one truth remains: your backend response speed is abysmal.
Did it not exceed the stated 72 hours for you to review and deliver the result after I fulfilled the passing criteria? Can you argue against that? For standard violations, like mine—overnight holdings—your system does not provide immediate updates. Only after I met the passing criteria did you conduct the review and notify me of the reason, squandering a considerable amount of my time and effort. Can you refute this?
Facts:
I still possess the email asserting that the system’s error rate is a mere 0.5%. The original message states:Hello HUANG,
In our last email, we mentioned that 99.5% of the traders who received this passed our test easily.
It appears that you are one of the remaining 0.5%.
The following decision was made by our risk management team:
Title: Overnight Trading
Details: You conducted overnight trades on several occasions in this account, which is strictly forbidden as noted here: Link. If you wish to learn about the specific trades in question, you may inquire on our Discord, but this won’t alter the outcome.
Account: PHOENIX-00711-002You suggest that updating the backend is akin to altering the rules. I’ve faced repeated failures with other firms, and none of them allowed me to continue trading for an extended period after a violation was identified. Typically, violations are flagged immediately. The slowest dashboard I experienced updated the violation results within half a day.
You pose the question of my awareness regarding overnight positions. To manage your inadequate backend, I must continuously check for rule violations. For someone juggling accounts across multiple firms, this is a nightmare. Forcing traders to invest significant additional time on non-trading issues is inherently burdensome.
Potential buyers, consider this: When a proprietary firm detects that a trader has breached the rules but permits them to keep trading until passing criteria are met, only to declare them ineligible later—what a farce!
Concerning Merit Accounts:
“The thing is, Merit Accounts are limited to one per user until another account is purchased, so there’s no option to buy the account again, regardless of its usefulness.”
Your official response confirms that Merit Accounts can only be obtained once unless another account is acquired. I bought an additional account specifically to explore the Merit Accounts and ended up having this sort of experience.Once again, let me emphasize that this review serves merely as a reference for potential buyers.
If you are contemplating a purchase from this firm, ask yourself the following questions:
Is this company’s evaluation account excessively priced?
Are their payout regulations inconsistent and challenging to follow?
Does their backend notify you of violations only after fulfilling the passing conditions, wasting your time and energy?I’m giving it 2 stars because I can only recommend trying the Merit Accounts once. If you do not succeed, avoid repurchasing other account types just to attempt the Merit Accounts again.
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1 year ago
Lucie Kirlin
Setting up with the firm was incredibly straightforward, and once I went through the review process, I found that I had no lingering questions! It really exceeded my expectations in terms of clarity and support.
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1 year ago
Henry Lesch
I found their service to be exceptionally proactive and responsive. When I made an erroneous purchase, they not only addressed my concern quickly, but they also issued a prompt refund. Overall, it was truly impressive service!
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1 year ago
Agustina Hartmann
This company seems to be a total scam, and I have my doubts about its legitimacy. I tried testing their services, but on the day of the big test, nobody passed. It feels like a setup. Plus, I noticed a YouTuber promoting it, which looks suspicious and might just be a ploy to lure in unsuspecting clients. It really gives off the vibe of a big scam operation, so I’d advise anyone to be cautious and steer clear.
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1 year ago
Dallin Rutherford
The trading conditions here are impressive, and the customer support on Discord is truly exceptional. I’ve had a great experience overall—it’s hard to find such reliable service elsewhere.
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1 year ago
Leopoldo Pfannerstill
The team is doing an excellent job! I really appreciate the work they’ve put in. Keep it up!
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1 year ago
Nelson Christiansen
This is a solid company to work with overall. I do wish they offered an integration with Tradovate, but aside from that, it’s a strong choice. I’d definitely recommend their static accounts.
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1 year ago
Ricardo Stokes
This company truly stands out with its innovative ideas that are reshaping the industry. Their approach is fresh and different, making a significant impact in the trading world. It’s refreshing to see such creativity being applied in this field. Overall, this firm is definitely making strides worth noticing.
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1 year ago
Zella Larkin
I took part in a competition that required a modest entry fee of R$ 5.00. At the conclusion, I received a report stating that I didn’t qualify for an evaluation account. What really stood out to me, though, was that they offered me a 40% discount on the purchase of an evaluation. It seems rather contradictory; if they deemed me unqualified to trade, why extend such an offer?
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1 year ago
Hazle Mitchell
I’ve had a fantastic experience with this proprietary trading firm. Their support staff is incredibly knowledgeable and always ready to help, which makes a big difference, especially for newcomers. The trading platform itself is user-friendly and offers a rich variety of tools that really enhance trading strategies. One thing that stands out is the transparent fee structure; I appreciate not having to worry about hidden costs. Overall, I highly recommend this firm to anyone looking to elevate their trading game.
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1 year ago
Charley Gulgowski
The trading firm offers solid funding opportunities without the constraints of drawdown limits. This aspect makes it quite appealing for traders looking for more flexibility in their risk management strategies. Overall, it’s a refreshing approach that many in the trading community may find beneficial.
Gordon Blick
The payment methods could really use some improvement, and more frequent free tournaments would be a great way to discover skilled, profitable traders. It’s essential to pay traders daily and establish trading rules that empower everyone to explore their full potential.